Blackbaud Correlations

BLKB Stock

USD 63.33 0.17 0.27%

The current 90-days correlation between Blackbaud and Kingsoft Cloud Holdings is -0.07 (i.e., Good diversification). The correlation of Blackbaud is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Blackbaud Correlation With Market

Modest diversification

The correlation between Blackbaud and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Blackbaud and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Blackbaud Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Blackbaud. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

For information on how to trade Blackbaud Stock refer to our How to Trade Blackbaud Stock guide.

Moving together with Blackbaud Stock

0.86	DV	DoubleVerify Holdings	Pair Corr
0.81	JG	Aurora Mobile	Pair Corr
0.64	RXT	Rackspace Technology	Pair Corr
0.67	GWRE	Guidewire Software	Pair Corr
0.61	WISH	Wishpond Technologies	Pair Corr
0.64	ERD	Eroad	Pair Corr
0.61	IAM	Income Asset Management	Pair Corr
0.63	APTD	Aptitude Software	Pair Corr
0.74	MTEC	Made Tech Group	Pair Corr
0.79	ATG	Auction Technology	Pair Corr
0.64	CMG	Computer Modelling	Pair Corr
0.68	ALFA	Alfa Financial Software	Pair Corr
0.73	ALT	Altitude Group Plc	Pair Corr
0.62	NVQ	Noviqtech	Pair Corr

Moving against Blackbaud Stock

0.63	FICO	Fair Isaac	Pair Corr
0.62	LNU	Linius Technologies	Pair Corr
0.71	XPN	Xpon Technologies	Pair Corr
0.6	MHUB	Minehub Technologies Earnings Call Today	Pair Corr
0.49	MGIC	Magic Software Enter Tech Boost	Pair Corr
0.46	MTLS	Materialise NV	Pair Corr

Related Correlations Analysis

	KC	ASAN	PTRN	BRZE	NCNO	INTA	YOU	WRD	RUM	FRSH
KC		0.22	-0.36	0.22	0.78	0.17	0.05	0.67	0.56	0.24	KC
ASAN	0.22		-0.34	0.35	0.24	-0.03	-0.22	0.71	0.73	0.1	ASAN
PTRN	-0.36	-0.34		-0.48	-0.15	-0.36	-0.22	-0.23	-0.53	-0.58	PTRN
BRZE	0.22	0.35	-0.48		0.48	0.74	0.69	0.05	0.2	0.84	BRZE
NCNO	0.78	0.24	-0.15	0.48		0.41	0.35	0.48	0.32	0.36	NCNO
INTA	0.17	-0.03	-0.36	0.74	0.41		0.78	-0.24	0.02	0.84	INTA
YOU	0.05	-0.22	-0.22	0.69	0.35	0.78		-0.43	-0.26	0.71	YOU
WRD	0.67	0.71	-0.23	0.05	0.48	-0.24	-0.43		0.8	-0.11	WRD
RUM	0.56	0.73	-0.53	0.2	0.32	0.02	-0.26	0.8		0.12	RUM
FRSH	0.24	0.1	-0.58	0.84	0.36	0.84	0.71	-0.11	0.12		FRSH
	KC	ASAN	PTRN	BRZE	NCNO	INTA	YOU	WRD	RUM	FRSH

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

FRSH	+ 0.84	BRZE
FRSH	+ 0.84	INTA
RUM	+ 0.8	WRD
NCNO	+ 0.78	KC
YOU	+ 0.78	INTA
INTA	+ 0.74	BRZE

High negative correlations

FRSH	- 0.58	PTRN
RUM	- 0.53	PTRN
BRZE	- 0.48	PTRN
WRD	- 0.43	YOU
INTA	- 0.36	PTRN
PTRN	- 0.36	KC

Risk-Adjusted Indicators

There is a big difference between Blackbaud Stock performing well and Blackbaud Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Blackbaud's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
KC	2.63	(0.61)	0.00	(0.49)	0.00	0.00	5.35	(4.83)	16.94
ASAN	2.08	0.01	0.02	0.07	2.66	(2.35)	4.88	(3.72)	17.23
PTRN	3.22	(0.47)	0.00	(0.17)	0.00	0.00	7.32	(6.68)	30.40
BRZE	2.29	0.08	0.05	0.10	3.09	(2.58)	4.00	(5.11)	23.20
NCNO	1.80	(0.38)	0.00	(0.23)	0.00	0.00	4.54	(3.87)	9.60
INTA	1.73	(0.09)	(0.03)	0.01	1.77	(2.06)	4.73	(2.79)	10.03
YOU	2.28	0.05	0.02	0.12	2.73	(2.62)	5.49	(4.44)	18.67
WRD	3.78	(0.33)	0.00	(0.05)	0.00	0.00	9.21	(6.66)	27.07
RUM	3.46	(0.30)	0.00	(0.03)	0.00	0.00	7.32	(7.30)	25.16
FRSH	1.58	0.00	(0.02)	0.05	2.00	(1.70)	3.12	(2.75)	8.31

Blackbaud Corporate Management

David Benjamin	Executive Officer	Profile
Jon JD	Chief Secretary	Profile
Chris Lindner	Chief Officer	Profile
Kevin McDearis	Executive Officer	Profile

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